The Key to New Mexico Uranium: A State of the Art Mill

"The key to Grants, New Mexico is a state-of-the-art factory," said Laramide's Marc Henderson. All the politicians agreed. "It will be a real boon for New Mexico," said New Mexico legislator John A. Heaton. "Mining is one of our basic industries in New Mexico." And after the product is recovered, to be milled.
In an email, Strathmore Mineral David Miller told us, "We are now ready with independent scoping studies for the Roca Honda Project." A registered professional engineer completed an independent evaluation of the capital and operating costs of the mill. Although the name of the engineer was not disclosed, Miller said: "This gentleman has 40-plus years of experience and has designed many mills in the U.S. and the world." Miller told us, "Mill operating mills of different sizes and range from the low $ 20/ton of feed to the high $ 200/ton of feed. Roca Honda ore runs from five to six pounds per ton. Per tonne-to- pound milling costs $ 30/ton operating costs (20 percent higher than the lowest number in the evaluation) with a rate of 5 pounds per ton. "
Miller described capital of the mill at about $ 100 million, plus / minus $ 20 million, depending on the size of the mill building. Miller also said: "Environmental aspects of such a mill were also assessed by consulting specialists, and concluded that it will be a mine and mill in New Mexico far as possible." He explained that there is no my design work is not yet done. Operating mine cost would be. Similar to any large metal mines "They can range from a low of $ 30/ton of ore to a high of $ 80/ton of ore." Miller emphasized that milling costs could be. As low as $ 6/pound U3O8 The Roca Honda project, Strathmore controls from the purchase of the Kerr-McGee properties of Rio Algom (bought by BHP Billiton) in 2004, was one of the mines designed to feel the 6000 tons / day Ambrosia Lake Mill.
What impact would a uranium mill to Grants, New Mexico? We asked Miller to speculate about the consequences, for he is a third-term Wyoming legislator. He told us, "A new mine and mill complex on the size Strathmore should consider would be a minimum of 200 people will be employed, and double or higher could be the quality of jobs would be similar to other mining jobs:. Top pay , top benefits and health care summit. "However, In Situ Recovery (ISR) would be less labor intensive. Each ISR facility would be 50 to 100 people.
The proposed uranium enrichment facility scheduled for groundbreaking in August, eager to meet the state of the renaissance of nuclear energy to add a nuclear power plant in New Mexico legislators and any uranium mill is discussed, how long before uranium mining resumed in this state? It may be sooner than you think. A still-unpublished interview with Jon Indall, Executive Director of the Uranium Producers of America, he told us, "I would not be surprised if the domestic uranium industry were producing up to 20 million pounds per year." He expects it could happen within five years, maybe earlier. A large part of this production uranium can come from this state. Nuclear Renaissance New Mexico is clearly within reach.
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
James Finch contributes to and other publications. StockInterview's "Investing in the Great Uranium Bull Market" has become the most popular book ever published for uranium mining stock investors.

Part One: New Mexico Uranium: Who are the Serious Players By James Finch

Several uranium development companies have put their sights on New Mexico. Two are actively involved in permitting their properties for production. One was the first in about giving a drilling permit, a decade from another awaits a permit to drill. Goods of the company Another is an 800-pound gorilla in the nuclear fuel cycle. Three others have properties or continue to build a land package in New Mexico. The following is a brief overview of the projects of these uranium development or exploration companies, currently owns property or forward.
The leaders are Uranium Resources, Strathmore Minerals and General Atomics. Companies are ahead Laramide Resources and Western Uranium. Companies also look for include Energy Metals, Max Resource Corp and Powertech Uranium. Each has various plans to promote their projects and should be assessed on their merits.
Uranium Resources Inc.
Uranium Resources is the top leader in New Mexico. The company has a great deal of time and money to the Church Rock property allow dedicated. In an interview with Craig Bartels, president of HRI (a wholly owned subsidiary of Uranium Resources), he told us, "We hope that we can begin construction on the property in 2007." The company has authorized numerous obstacles posed by local environmentalists, successfully won every legal battle so far. Its parent company produces about 1 million pounds per year in Texas. Earlier this year, Uranium Resources announced a proposed joint venture company Church Rock property with Japanese conglomerate Itochu Corporation.
Phillips Petroleum made the Church Rock uranium discovery in the 1950s, and later sold the project to United Nuclear (UNC). UNC constructed a mill and mine to the northeast. One HRI property, at Crownpoint, was developed by Mobil Oil as an In Situ Recovery (ISR) project. Earlier work at Crownpoint was done by Westinghouse and Conoco. Phillips developed HRI uranium property at Nose Rock, Kerr-McGee did the original uranium drilling in Roca Honda. Uranium Resources holds about 185,000 acres in the southern San Juan Basin of New Mexico.
By the uranium depression, Uranium Resources was the "lonely man" in New Mexico. Now times have changed. "It's great to have other companies are coming in here," says Bartels. "There is so much uranium, and the national attitude has changed so dramatically in the past year, that there is a genuine excitement about what can be done now." Bartels looks forward to the success of the first uranium projects of the company in New Mexico, Belt on the western end of the Grants Uranium. He explained, "The use of a fairly typical recovery rate of 75 percent for ISR, recovery would be about £ 4.9 million to Chapter 8, and 6.3 million pounds recovered from Chapter 17." Bartels told us he already advertising for workers in the newspapers northwest New Mexico.

Strathmore Minerals Corp.
Strathmore Minerals Corp. controls a number of advanced uranium properties in New Mexico. Most advanced efforts of the company were proceeding with the authorization procedure at the stage Church Rock property. To date, the National Instrument 43-101 resource calculations on two properties, the Church Rock and Roca Honda deposits, totaling nearly 50 million pounds in measured indicated and inferred categories. Historical uranium calculations on other Strathmore properties in New Mexico that are non-compliant with National Instrument 43-101 standards, indicate a similar amount in addition to what has been reported. Strathmore Minerals President and Chief Operating Officer David Miller told us by e-mail, "It's Strathmore intends to be the main producer of uranium in New Mexico to be." The company has approximately C $ 40 million in the bank to promote its projects.
The company has followed the lead of Uranium Resources in the Church Rock area. Miller told us, "There are two ISR projects in various stages of permitting in the Church Rock area, which Strathmore started a year ago." The company has issued press releases updating investors on its permitting progress in New Mexico. In February the company announced that it is on schedule and within the budget allows in the Church Rock uranium property. A mid-April update announced Strathmore was developing its mandatory corporate programs in the permitting process and marched to the authorization phase of the In Situ Recovery process. Depending on when Uranium Resources to the nearby ISR project its final approval to start receiving, Strathmore Minerals should quickly follow with its project. See last part of this article about the company Roca Honda project.
General Atomics
Meet the 800-pound gorilla. Not only is General Atomics in the front-end of the fuel cycle with a uranium mining subsidiary, is a publicly traded company whose interests are widespread across the nuclear fuel cycle. GA is short, and the one used in this industry. Founded in 1955 as a division of General Dynamics, Georgia has more than 20 locations worldwide, manufacturing a variety of high-tech products for commercial and government applications. For example, aviation affiliate manufactures unmanned aircraft, surveillance and radar imaging systems.
GA covers a large part of the nuclear fuel cycle. In Australia, by Heath Gate Resources, the company owns and operates the Beverly ISL mine. His ConverDyn affiliate converts U3O8 to UF6 (uranium hexafluoride), which is the step before uranium enrichment. Another affiliate, the Cotter Corporation, has several uranium properties and a licensed mill near Canon City, Colorado.
General Atomics also owns the largest source of uranium in the United States through its subsidiary, Rio Grande Resources Corporation. The crown jewel of uranium holdings of the company can be found in the Mt. Taylor deposit. Before the project was placed on standby in 1989, more than 8 million pounds U3O8 produced. The transfer shall take place at 3000 meters below the surface with ore grades ranging between 0.15 percent and 2 percent U3O8. During the production of the mine, numbers, average 0.5 percent. Mt. Taylor reportedly contains an in-place resource of more than 100 million pounds of U3O8. GA is reportedly evaluating the deposit for an ISR operation.

Laramide Resources
Laramide Resources has made a strong presence in Australia, but also moving forward with its New Mexico uranium property. The company La Jara Mesa deposit is located about 12 miles outside of Grants, within the San Mateo Mountains, near Mt. Taylor. Homestake had previously operated a mill in the district. Work was first started in the La Jara Mesa area in the 1950s. Homestake drilled 86 holes between 1967 and 1971 and left the property after a few high-grade intersections. After the property changed hands in the 1970s and 1980s, a discovery hole was drilled in 1980. Power Resources (now Cameco Corp subsidiary) drilled more than 500 holes. Homestake again the project in 1983 and completed metallurgical testing on the drill core. Homestake also completed a mining plan and feasibility study on the Dena Rich deposit, but stopped all work after the uranium price crashed.
In an interview with Laramide Resources Chief Executive Marc Henderson, he told us, "The La Jara Mesa property can be the key piece of the puzzle to be," referring to the Ambrosia Lake district. "It's the easiest production scenario and the easiest access," said Henderson. Website of the company reports the project has a resource of approximately 7 million pounds U308 (not compatible with National Instrument 43-101). The U.S. Forest Service is now awaiting public comments on the proposal by Laramide to ten tests to drill holes about 600 meters deep, exploration to confirm the 1980 findings.
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
James Finch contributes to  and other publications. StockInterview's "Investing in the Great Uranium Bull Market" has become the most popular book ever published for uranium mining stock investors.

Oil Crude Moves Up, as Well as Flooding at Refineries in PA

Sweet oil oil prices are reaching their all-time high and we are very close to $ 75 a barrel now. The oil oil prices moved up sharply as a result of the floods in upstate New York, New Jersey and Pennsylvania. In fact, flooded refineries in Pennsylvania and went off-line. Several plants were closed and the Delaware River cresting and then flows in many locations they will not be able to get. In oil supplies in state
There are other problems in the world right now with the conflict between the Israelis and the Palestinians in Gaza. The Syrian army is helping Hamas leadership and hide them to defend themselves from the advancing Israeli army. This is not to move forward with air attacks on power plants and bridges and any military troop movements or military hardware. Stopping the Israelis
In addition, the Syrians have a Machiavellian deal with Iran, that if one of them gets into a war the other country will back them up. Iran is also under pressure from the United States and its allies to immediately stop enriching uranium and Iran has refused to do so and also said it will use as a weapon. Oil
Economically, the crude oil prices are up and that means that the traders in Chicago will consider the price and oil futures will spike again. Please consider all this in 2006 as oil oil prices move to new record highs.

Ten Investment Trends for the Future

The McKinsey Quarterly recently included a web-only article on ten trends for the coming years. You can subscribe for free to their online version if you are interested. I thought it would be worth mentioning these trends to help identify an investment. Implications
Trend 1: Centers of economic activity will shift deep, not only globally, but also regionally. Asia GDP (excluding Japan accounts for 13 percent of global GDP, while Western Europe for more than 30 percent good) will catch up with Western Europe in the next 20 years. As a result, we should look for consumer goods as the people in these countries have more disposable income. Growing demand
Investment idea: Consumer companies with a strong presence in Asia and transportation companies that have a strong presence in the region, and have a global reach.
Trend 2: Public-sector activities will balloon, making productivity gains essential. The unprecedented aging population in the developed world requires new levels of efficiency and creativity in the public sector. The demand for health care and retirement security, the ability of a country to support these services through taxes overwhelm. Proven private sector approaches will likely become ubiquitous in the provision of social services in both the developed and the developing worlds.
Investment idea: Companies that can deliver these services in a cost effective manner, companies can use technology to outsource these services to low-wage countries.
Trend 3: The consumer landscape will change and expand significantly. Almost a billion new consumers will enter the global market in the next decade, economic growth in emerging markets pushes them beyond the threshold of $ 5,000 in annual household income - a time when people generally begin to spend on discretionary goods . By 2015 consumer spending power in emerging economies will almost match the purchasing power of Western Europe. It is estimated that 100 million Chinese households European income levels will reach in 2020. Furthermore, the Hispanic population in the United States will have purchasing power equal to that of 60 percent of all Chinese consumers.
Investment ideas: Consumer & luxury goods companies with strong presence in Asia and other developing countries to achieve economic success. Companies are able to the consumer market niches that will continue to evolve identify and target. Transport companies that are able to provide raw materials and finished goods to move easily around the world.
Trend 4: Technological connectivity will transform the way people live and communicate transform. We are still in the early stages of this revolution. Geography is no longer the main obstacle to social and economic organization. As new developments in biotechnology and nanotechnology come forward, people all over the world find new ways to leverage their promise. More than transformational technology itself is the shift in behavior that enables. We work not only globally but also instantaneously. We are forming communities and relationships in new ways (in fact, 12 percent of U.S. newlyweds last year met online). More than two billion people now use mobile phones. We will send 9000000000000 emails per year. We do a billion Google searches per day, more than half in languages ​​other than English. Perhaps for the first time in history, geography is not the primary constraint on the limits of social and economic organization.
Investment ideas: Software companies with expertise in uniting various opportunities to create new products and services.
Trend 5. Continuous shifts in labor and talent will be much deeper than the widely observed migration of jobs to low-wage countries. The shift to knowledge-intensive industries highlights the importance and scarcity of skilled talent. The growing integration of the global labor market, however, the opening of vast new talent sources. The 33 million highly educated young professionals in developing countries is more than double the number in developed countries. For many companies and governments, global labor and talent strategies become as important as global sourcing and production strategies.
Investment ideas: Outsourcing of all types of professional talent, not just low-wage workers trained talent pools in India, China and other places and educated talent pool.
Trend 6. The role and behavior of big business will include close supervision. As companies expand their global reach, and as to intensify the economic demands on the environment the level of societal suspicion about big business is likely to increase. The teachings of the current global business ideology - for example, shareholder value, free trade, intellectual property rights, and the repatriation of profits - is not understood, let alone accepted, in many parts of the world. Scandals and environmental mishaps seem as inevitable as the likelihood that these incidents is then inflated, thereby fueling resentment and creating a political and regulatory backlash. This trend is not only the last 5 years but the last 250 years. The increasing pace and scale of global business, and the emergence of truly giant global corporations, the pressure will worsen in the next 10 years. Businesses, especially large companies, will never be loved. It may be more appreciated. Business leaders need to discuss and demonstrate the powerful intellectual, social and economic arguments for business in society and the massive contributions business makes to social welfare.
Investment ideas: Companies ways to make a good profit and find socially responsible.
Trend 7. Demand for natural resources will grow, as well as the pressure on the environment. As economic growth accelerates - especially in emerging markets - we are using natural resources at an unprecedented rate. Oil demand is expected to grow by 50 percent over the next two decades, and without major new discoveries or radical innovations supply is keeping. Unlikely We see similar spikes in demand across a wide range of raw materials. In China, for example, the demand for copper, steel and aluminum has almost tripled in the past decade. The world's resources are increasingly limited. Water shortages will be the main obstacle to growth in many countries. And one of our most valuable natural resources - the atmosphere - will require dramatic shifts in human behavior to avoid further depleted. Innovation in technology, regulation, and the use of resources will be crucial for creating a world that can both drive robust economic growth and support environmental requirements.
Investment ideas: Water filtration, pollution prevention and energy companies, new forms of clean energy to offer in particular.
Trend 8. New global industry structures are emerging. Even basic structural principles are upended: for example, the emergence of robust private equity financing changing corporate ownership, life cycles, and performance expectations. In many industries, it is a barbell-like structure that can be seen, with a couple of giants on the top, a narrow middle, and then a flourishing of smaller, fast-moving players at the bottom. Similarly, collective boundaries are increasingly blurred as interlinked "ecosystems" are suppliers, manufacturers and customers. Even basic structural principles are upended: for example, the emergence of robust private equity financing changing corporate ownership, life cycles, and performance expectations. Winning companies, with the aid of efficiency is achieved by novel structural features, will take advantage of these transformations.
Investment ideas: Companies that offer special opportunities in key process networks and supply chains that are able to offer significant improvements and capture premium profits.
Trend 9. Management will go from art to science. Today's business leaders are using highly sophisticated software to run their organizations. Larger, more complex companies demand new tools to run and manage. Indeed, improved technology and statistical-control tools given rise to new management approaches that deal. Even mega-institutions viable Long gone is the day of the "gut feeling" management style. Today's business leaders are adopting algorithmic decision-making techniques and using highly sophisticated software to run their organizations. Scientific management is a skill that creates competitive advantage to an ante that gives companies the right to play the game.
Investment ideas: methods and tools (software) that match the job skills and training. Business software and business consulting companies that offer special features that help manage the mega-corporations.
Trend 10. Ubiquitous access to information is changing the economics of knowledge. Knowledge becoming available and, at the same time, specialized companies. The clearest manifestation of this trend is the emergence of search engines (like Google), which immediately made available. An almost infinite amount of information Access to knowledge has become almost universal. Yet the transformation is much deeper than just wide access. New models of knowledge production, access, distribution, and ownership are emerging. We see the emergence of open-source approach to knowledge as communities, not individuals, are responsible for innovations. Knowledge production itself is growing: worldwide patent applications, for example, 1990-2004 increased at a rate of 20 percent per year. Companies will need to learn how to make use of this new knowledge universe - or risk drowning in a flood of too much information.
Investment ideas: Companies new ways to capture and distribute offer specialist knowledge. Even companies that specialized knowledge that can be used to reduce costs or to create innovative ways to differentiate products or services possess.

Part Two - New Mexico Uranium: Who are the Serious Players

Energy Metals Corporation Energy Metals Corporation is one of the leading uranium development companies to watch in Wyoming and Texas. In an earlier interview with William Sheriff, Director of Corporate Development, he told us power metal production planned in Texas and Wyoming. The company followed by opening regional offices in both Corpus Christi (Texas) and Casper (Wyoming). Mr. Sheriff also mentioned his company can not develop its new features Mexico for another five years, but may be subject to change.
Energy Metals is also property at Nose Rock, New Mexico. The company reports 16 separate leases more than 8,700 acres. A note on the website of the company states that the Phillips Uranium Corporation reportedly discussed the Nose Rock property contained 8 million pounds U3O8. No work has been completed on this property to ensure compliance with the National Instrument 43-101., In accordance
The website also discusses the property, "The mineralization occurs as roles for deposits in the Westwater Canyon Member of the Morrison Formation and shows no obvious imbalance, with no reported vanadium and traces of molybdenum. Expected mining method was underground, although the deposits this area prone ISL production. "Other Energy Metals Corporation leases include homes in Crown Point, Rio Puerco, and Ambrosia Lake areas.
Max Resource Corp.
A few weeks ago, Max Resource acquired a drill database with 40 years of uranium exploration in the United States. Among the data were defeated thought to be lost, but original records of Occidental Minerals Corporation prepared about the company is fully Baca uranium project in C hands. Located about 100 miles south of Albuquerque, Max Resource announced it has begun the permitting process for a drill program later this year.
OxyMin, a subsidiary of Occidental Petroleum, drilled holes 216 on the ground, during the 1980s, and declared a historic report that it had found 1.67 million tonnes grading 0.18 percent U3O8. The estimate is not compliant with National Instrument 43-101 for reporting a resource. Max Resource announced that it plans to drill on her property, spending tens of shallow holes approximately $ 100,000 during the first phase of exploration. OxyMin felt it would be appropriate for In Situ Recovery process properly.
Powertech Uranium
Powertech Uranium is a recent arrival among the hundreds of new junior uranium companies. Craig Bartels had not mentioned this company, it would not be included in this article. Bartels had worked with Richard Clement, Powertech's Chief Executive, who previously worked with Uranium Resources. Both uranium miners live in a suburb of Albuquerque, New Mexico. At present, PowerTech just announced the acquisition of the Dewey Burdock uranium resource in South Dakota. However, in a telephone interview with Mr. Clement, he would have us believe Powertech may be in the process of acquiring assets in New Mexico. Although we have little to write about this now, because it is fairly new, it may be one to watch for developments in the course of the summer and the fourth quarter. The company is supported by Canada's International Pacific brokerage firm. Richard Clement told us that the company now has more than $ 12 million in the bank for the acquisition, exploration and development of uranium properties.
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
James Finch contributes to and other publications. StockInterview's "Investing in the Great Uranium Bull Market" has become the most popular book ever published for uranium mining stock investors